SEC-registered wealth management firm Broker-dealer affiliated
First Citizens Asset Management, Inc
As of its Form ADV filed May 27, 2026, First Citizens Asset Management, Inc, an SEC-registered, broker-dealer affiliated wealth management firm in Raleigh, North Carolina, reported $465.1 million in regulatory assets under management across 1,274 accounts, ranking #76 among all wealth firms in North Carolina by assets.
Registration
- Registration
- SEC-registered, Approved
- CRD number
- 140777
- SEC file number
- 801-79917
- Registered since
- June 19, 2014
- Latest Form ADV filing
- May 27, 2026
- Organized as
- Corporation
- Fiscal year ends
- December
- Other offices
- 23
Key figures
- Regulatory assets under management
- $465.1 million
- Discretionary
- $435.1 million (93.6%)
- Non-discretionary
- $30.0 million
- Accounts
- 1,274 (1,272 discretionary)
- Clients
- 1,264, approximate as reported
- Employees
- 58
- Advisory staff
- 32 performing investment advisory functions
- Average account
- $365,043
- Asset growth, 1 year
- 178.5% (from $167.0 million a year earlier)
- Asset growth, 3-year annual rate
- 19.3% (from $273.7 million three years earlier)
- Asset growth, 5-year annual rate
- 33.5% (from $109.8 million five years earlier)
- Client growth, 1 year
- 209.0% (from 409)
Broker-dealer affiliated. The firm is affiliated with a bank (Item 7.A(8)) that is part of a group with a broker-dealer (Item 7.A(1)) or controlled by a public company (Schedule D, Item 10.A). It is ranked among all wealth firms, the directory's view that includes wirehouses and broker-dealer firms, not in the main lists of independent RIAs. How firms are classed.
Growth rates come from the SEC's yearly snapshots and are left blank when the years are not comparable.
Rankings
Among all wealth firms, including wirehouses and broker-dealer firms.
Assets over time
Data table
| As of | RAUM |
|---|---|
| October 1, 2010 | $47.3 million |
| October 3, 2011 | $56.8 million |
| October 1, 2014 | $106.7 million |
| October 1, 2015 | $169.6 million |
| October 3, 2016 | $164.9 million |
| October 2, 2017 | $166.5 million |
| October 1, 2018 | $167.4 million |
| October 1, 2019 | $155.2 million |
| October 1, 2020 | $135.8 million |
| October 4, 2021 | $109.8 million |
| October 3, 2022 | $105.8 million |
| October 5, 2023 | $273.7 million |
| October 1, 2024 | $523.0 million |
| September 2, 2025 | $167.0 million |
| October 2, 2026 | $465.1 million |
Clients and services
Client mix
| Measure | Bar | RAUM |
|---|---|---|
| Individuals (other than high net worth) 1,184 clients | $292.4 million | |
| High net worth individuals 62 clients | $90.8 million | |
| State or municipal government entities 6 clients | $77.4 million | |
| Corporations or other businesses 9 clients | $3.8 million | |
| Charitable organizations fewer than 5 clients | $564,086 | |
| Other fewer than 5 clients | $85,059 |
How the firm is paid
- A percentage of assets under management
Advisory services
- Financial planning
- Portfolio management for individuals or small businesses
- Portfolio management for businesses or institutional clients
- Selection of other advisers
- Educational seminars or workshops
- Other
Financial planning clients (Item 5.H): 0.
Wrap fee program sponsor or portfolio manager: yes.
Other business, affiliations and custody
Other business activities (Item 6.A)
- Registered representative of a broker-dealer
- Insurance broker or agent
Financial industry affiliations (Item 7.A)
- Broker-dealer
- Other investment adviser
- Banking or thrift institution
- Insurance company or agency
Custody (Item 9)
The firm reported no custody of client cash or securities.
Investment adviser representatives
- IARs registered with the firm
- 73
- Also registered through a broker-dealer
- 68
- Employees who are IARs (Form ADV 5.B(3))
- 58
Designations held by the firm's IARs: CFP 9, CFA 4.
Between 32 and 34 of the firm's 73 IARs are registered in jurisdictions that require IAR CE. The source counts registrations by jurisdiction, and many IARs are registered in more than one, so the exact number is not knowable from it. IAR CE requirements by state.
Counts only. AdvisorIQ does not list individual people.
Disclosures
On Form ADV Item 11 the firm answered yes to 5 disclosure questions. See the detail on IAPD.
Succession and acquired firms
On Form ADV Item 4 the firm did not report succeeding to another adviser's business.
Similar-sized firms in North Carolina
| Firm | City | RAUM |
|---|---|---|
| IP Financial Advisory Services LLC | Charlotte | $481.4 million |
| Townsend Asset Management Corp. | Raleigh | $479.6 million |
| Pursuit Wealth Strategies, LLC | Raleigh | $457.5 million |
| Old North State Wealth Management, LLC | Wilmington | $452.6 million |
| Timonier | Winston Salem | $450.3 million |
The five wealth firms, broker-dealer affiliated firms included, nearest in regulatory assets with a main office in the same state.
Elsewhere
- First Citizens Asset Management, Inc on IAPD: Form ADV, brochures and disclosure detail.
- Firm website: www.firstcitizens.com/wealth
- Wealth management firms in North Carolina
Firm data as of October 2, 2026, from ia100226.zip. Figures are as the firm reported them; corrections are made on Form ADV and appear after the next monthly reload.
Data as of October 2, 2026, from Form ADV. Sources: SEC registered adviser data (ia100226.zip) and IAPD compilation reports. How the directory is built.